Northwestern Mutual: Financial planning platform wins FinTech Breakthrough Award for Innovation

Company’s proprietary planning platform named Best InsurTech Solution

MILWAUKEE, March 17, 2022 /PRNewswire/ — Northwestern Mutual‘s efforts to create the financial industry’s most exceptional client experience are winning attention and industry accolades. Today, the FORTUNE 90 financial services company is announcing that its proprietary financial planning platform won the “Best InsurTech Solution” as part of the 2022 FinTech Breakthrough Awards.

Northwestern Mutual’s Financial Planning Platform Wins FinTech Breakthrough Award for Innovation

“This award proves what we’ve believed all along since our platform launched – Northwestern Mutual’s financial planning experience is in a class of its own,” said Christian Mitchell, executive vice president and chief customer officer at Northwestern Mutual. “We are the only company that offers an award-winning planning platform that comprehensively combines permanent life insurance with investments and annuities. It’s an approach that’s been shown to deliver clients with better outcomes more often than others. Co-created with our elite financial advisors and by incorporating extensive feedback from clients, this innovative tool is built to serve clients with the simplest and the most sophisticated financial planning needs.”

Northwestern Mutual’s proprietary financial planning platform – called PX – is the only tool on the market today that combines risk and investment solutions, allowing advisors to demonstrate to clients how an integrated plan can provide them with more protection, growth and flexibility. Advisors can also model the accumulated value of risk-based products as part of a client’s projected net worth in retirement. And with PX’s retirement planning capability, advisors can run multiple scenarios to compare different paths toward clients’ retirement goals – two important features that allow clients new ways to see how a holistic plan can create better outcomes.

FinTech Breakthrough is an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today. The FinTech Breakthrough Awards recognize FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and more. The 2022 FinTech Breakthrough Awards program attracted nearly 4,000 nominations from across the globe.

“PX represents a major milestone and a true ‘breakthrough’ platform for the industry,” said James Johnson, managing director, FinTech Breakthrough. “By enabling advisors to deliver a truly comprehensive plan and making it easy and engaging for clients to see the impact of that plan on their financial futures, Northwestern Mutual is leveling-up the financial planning game.”